Illinois hospitals face financial pinch when increase in federal match for Medicaid ends

Respiratory therapist Adel Al Joaid removes his protective gear after checking on a COVID-19 patient in January 2022 in the ICU at Rush University Medial Center. (Scott Olson/Getty Images)

The Illinois Legislature’s Commission on Government Forecasting and Accountability released its latest monthly fiscal report last week. The report claimed the state is still on track to match the commission’s revised November estimate of a $4.1 billion revenue increase for the current fiscal year.

Revenue had originally been projected to fall from the previous fiscal year. And much of the recently projected increase is believed to be a one-time event and has so far been treated as such.